DXY comes under pressure following recent tops near 102.80. (Pivot Orderbook analysis)
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- DXY comes under pressure following recent tops near 102.80.
- The surpass of 102.80 exposes a move to the April high at 103.05.
The pair currently trades last at 102.39.
The previous day high was 102.75 while the previous day low was 102.36. The daily 38.2% Fib levels comes at 102.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 102.6, expected to provide resistance.
DXY comes under renewed downside pressure and revisits the low-102.00s amidst the debate between risk appetite trends and debt ceiling unease.
The continuation of the bearish move, however, appears not favoured for the time being. That said, the resumption of the uptrend is expected to clear the weekly high at 102.80 (April 10) to allow for a potential challenge of the April top at 103.05 (April 3).
On the downside, there is a formidable contention around the 101.00 neighbourhood for the time being.
Looking at the broader picture, while below the 200-day SMA, today at 105.81, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 102.39 at the time of writing. Pair opened at 102.44 and is trading with a change of -0.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 102.39 |
| 1 | Today Daily Change | 37.00 |
| 2 | Today Daily Change % | -0.05 |
| 3 | Today daily open | 102.44 |
The pair is trading above its 20 Daily moving average @ 101.74, below its 50 Daily moving average @ 102.49 , below its 100 Daily moving average @ 102.93 and below its 200 Daily moving average @ 105.84
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 101.74 |
| 1 | Daily SMA50 | 102.49 |
| 2 | Daily SMA100 | 102.93 |
| 3 | Daily SMA200 | 105.84 |
The previous day high was 102.75 while the previous day low was 102.36. The daily 38.2% Fib levels comes at 102.51, expected to provide resistance. Similarly, the daily 61.8% fib level is at 102.6, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 102.29, 102.13, 101.9
- Pivot resistance is noted at 102.68, 102.91, 103.07
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 102.75 |
| Previous Daily Low | 102.36 |
| Previous Weekly High | 102.71 |
| Previous Weekly Low | 101.04 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 102.51 |
| Daily Fibonacci 61.8% | 102.60 |
| Daily Pivot Point S1 | 102.29 |
| Daily Pivot Point S2 | 102.13 |
| Daily Pivot Point S3 | 101.90 |
| Daily Pivot Point R1 | 102.68 |
| Daily Pivot Point R2 | 102.91 |
| Daily Pivot Point R3 | 103.07 |
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